Nigerian stocks extend downturn as investors' aversion for bank shares bites
Zenith Bank, UBA and FBN Holdings drove the pullback.
Source: premiumtimesng.com
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Zenith Bank, UBA and FBN Holdings drove the pullback.
The all-share index contracted by 122.6 points to close at 46,842.9, while market capitalisation closed at N25.5 trillion.
Bullish sentiment returned to the Nigerian stock market on Wednesday following investors’ interest in First Bank, PZ, AIICO, Unity Bank and NGX Group, which ensured the first gain of the week. | Pulse Nigeria
Year to date, the index is down by 10.72 per cent.
Investors continued to warm to the shares of the bourse latest arrival BUA Foods.